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North America is experiencing a boom in crude oil supply, primarily
due to growing production in the Canadian oil sands and the recent
expansion of shale oil production from the Bakken fields in North
Dakota and Montana as well as the Eagle Ford and Permian Basins in
Texas. Taken together, these new supplies are fundamentally
changing the U.S. oil supply-demand balance. The United States now
meets 66% of its crude oil demand from production in North America,
displacing imports from overseas and positioning the United States
to have excess oil and refined products supplies in some regions.
This book provides a background of the United States rail
transportation of crude oil, as well as discusses the issues it
leaves for Congress.
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